Atalaya Mining Share Discussion Threads

[mip55] 05/6/2018 11:06

Can someone remind me.....did we hear the last court ruling via detective work or RNS first?

[laurence llewelyn binliner] 05/6/2018 08:10

Copper on a good run, is this the next leg up from USD 3.25-3.50/lb...?

We saw 3.00 in mid August 2017 so have had 9 months on it so far and now the profits are running at EUR9M/quarter.. :o)..

Almost a month now since the court hearing..!

[riotinted_specs] 04/6/2018 17:00

Thank you for setting me straight

[shortarm] 04/6/2018 11:26

Can't buy in any volume at all!

[come on] 04/6/2018 08:26

Surely the Astor result soon

[superbobtaylor] 04/6/2018 08:12

Cu price as expressed in EUR now approaching a 12 month high.

hxxp://www.infomine.com/investment/metal-prices/copper/1-year/

SBT

[robmcelf2] 02/6/2018 11:30

Thanks Llb. Time will tell but think Atym share price will be heading north in the coming weeks

[scargs] 02/6/2018 10:55

Laurence Llewelyn Binliner

An excellent post (No 11533).

Scargs

[laurence llewelyn binliner] 02/6/2018 09:37

#robmcelf2, it's going to be interesting to see which news comes 1st, the ruling or the update, I'm expecting the ruling to be used as leverage to bring Astor to the table, get a deal thrashed out for paying them off, possibly in shares/cash, get their royalty/up tick payments/marketing fees gone and clear the decks for us to move forward with, and then release the resource upgrade.., conversely, an upgrade 1st would maybe incentivise Astor to want shares and a slice of an expanding pie..?

We are building cash now at EUR9M/quarter and are in a much stronger position to cut a deal, stalling payments has worked well for us..!

My bet is shares will be worth more to Astor than cash tho' as Copper goes from USD3 to USD/4lb, will they end up another cornerstone II...? we've had a year of USD3-3.25 Copper now and it's due for the next leg up as supply/demand drives prices and the deficit starts to bite from what is pretty much neutral today..

[waterloo01] 02/6/2018 07:07

If I understand your post, and I'm not sure I do, the company had a an agreement with 'advisers' that they could buy 262,569 shares at £1.24 (warrants done at the time of the raising). That money (£374k) goes to the company. The advisers can then do what they wish with the shares, hold/sell whichever.

[robmcelf2] 02/6/2018 07:03

We've now been around the 240p mark for almost a month. I'm presuming this is connected to the court case and awaiting the outcome. Hopefully we will get a judgement in the next couple of weeks. We're also expecting the Riotinto resource upgrade this month so June could be a good period for us...

[riotinted_specs] 02/6/2018 02:33

I’m a bit confused here and only see it one way. Atalaya - or to me as a long term ‘down size averaging’ EMED investor - how is that a £374K exercise becomes proceeds to Atalaya versus the very opposite. If the opposite is the case then why not position a more positive PR/Announcent, justified on proven fundamentals, fiscal responsibility, great operational efficiency, economies of scale and great mining vision - all in a non-volatile, predictsbie, civilised area. Can somebody explain how taking out a tiny 374k becomes proceeds to us Don’t get me wrong I have always appreciated and admired Alberto’s fiscal conservatism (ex EMED CFO) and his operational pedigree, but proceeds versus paying out. Excuse my ignorance if I have it wrong but it appears to me, certainly in this instance that the tail is wagging the dog and whatever PR company is contracted, they seem to be put back in their shoebox from the powers that be. Now whether that be Alberto downplaying our great progress or one of our cornerstone investors is pulling the strings, I certainly don’t know. But surely - on merit - it’s time to start playing it up a bit. I for one am a great believer....for my sins :)

[waterloo01] 01/6/2018 14:26

Warrants

The Company has issued warrants to advisers to the Group. Warrants, noted below, expire three years after the grant date and have exercise price Stg GBP1.425.

Details of share warrants outstanding as at 31 March 2018:


Number of warrants
Outstanding warrants at 1 January 2018 and 31 March 2018 262,569

[mronions] 01/6/2018 14:11

Wonder which director bought at 142.5 , surely Alberto ? Those options were given away

[mip55] 01/6/2018 13:40

Atalaya Mining plc (AIM:ATYM, TSX:AYM) has received notification for the exercise of options over 262,569 ordinary shares of 7.5p in the Company at an exercise price of 142.5p per share. As a result, the Company has received proceeds of £374,160.83.

[husbod] 31/5/2018 08:45

Greetings from Ibiza where yours truly has been clubbing till 4 every morning. About as likely as ATYM declaring a dividend any time soon!Talking of which it is nearly time for Rouge to despatch the top of the range bottle of vino Tinto as the agm is nearly upon us. Interesting that it's in London rather than at the mine - probably to avoid a coach load of rowdy Brit investors turning up and trashing the place. More likely a sign of our growing seriousness as a company given that London is still the commercial centre of Europe despite the best efforts of the BBC and the rest of the British Establishment. Anyone going?

[stockknobjockeyvanbookstino] 30/5/2018 21:42

"This long-term demand boost from renewables and EVs is good for a whole host of companies, including majors like Anglo American and Rio Tinto, but there is one clear winner in the target share price upgrade: AIM-lister Atalaya Mining, which brings in almost 100% of its revenue from the red metal.

The Spain-focused miner's target price got a 25% boost from BMO adjusting its numbers, to £3.00 (US$4) per share"

[sirmoori] 30/5/2018 19:56

https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/copper-prices-during-this-cycle/?mqsc=E3960574

[waterloo01] 30/5/2018 15:09

Probably not far off although would have thought they would rather the shares run up after the judgement but before the negotiation than down.

[604118] 30/5/2018 14:53

Hi Fred
We owe you £50 mill. We can legally stretch payment of this out over 15/20yrs. Or we can pay you by letting the shares run down to say 2.25 and give you 12 mill shares. This will cover £27 mill. We have by the way a 51% reserve upgrade to be published after we have sorted our transaction, the other shareholders are okay with this. We will then pay you £5mill a year for 6 years giving you a £7 mill interest, and the marketing charge agreement stops forthwith.
Thanks
Corporal Pike.

Characters, monies and agreements are obviously purely fictional.

[mip55] 30/5/2018 10:33

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[laurence llewelyn binliner] 29/5/2018 15:04

Strong dollar, weakening Euro going our way ... :o).. 1:0.865....

[shortarm] 29/5/2018 11:46

Everyone decided to do that today..... with 27,000 shares in a twenty grand limit?

[waterloo01] 29/5/2018 10:56

Look like roll overs or Bed and Isa's

[shortarm] 29/5/2018 10:44

Wow, determines selling that!Just swallowed up by the market with a .6p drop in the real bid.Still mega strong